Richardson Electronics Stock (NASDAQ: RELL)

Richardson Electronics (NASDAQ:RELL) Stock, Quote.Headers.trade-ideas

Richardson Electronics

Richardson Electronics Ltd provides engineered solutions, power grid, and microwave tubes and related consumables, power conversion, RF and microwave components, high-value flat panel detector solutions, replacement parts, tubes, and service training for diagnostic imaging equipment and customized display solutions. Its products have applications in alternative energy, healthcare, aviation, broadcast, communications, industrial, marine, medical, military, scientific, and semiconductor markets. The company segments include PMT (Power and Microwave Technologies Group), Canvys, (Green Energy Solutions) GES, and Healthcare reportable segments. The company derives the majority of its revenues from the PMT segment.

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Richardson Electronics, Ltd. - Common Stock

Richardson Electronics Ltd

Quantic Electronics And Richardson Electronics Announce Global Partnership To Expand Access To Cutting-Edge Capacitor Technologies For Aerospace And Defense Systems

<a href="https://www.globenewswire.com/Tracker?data=jiMw_0XYb2uDzbE5YPyDawQw7dNc9iVbX4RatX0RiNlF_3Q1_GyYVCsUcWem3oRIE8C3DHf34JGPaPGubf7j6YfkWpbecmfq0pfGtgnAgqM=">Richardson Electronics, Ltd.</a> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RELL#NASDAQ">RELL</a>), a global leader in engineered solutions, today announced a global distribution agreement with Quantic&#xAE; Electronics ("Quantic"), a portfolio company of Arcline Investment Management. This strategic partnership encompasses Quantic's premier US-based capacitor businesses: Quantic&#x2122; Evans, Quantic&#x2122; Eulex, Quantic&#x2122; Paktron, and Quantic&#x2122; UTC.
This collaboration brings together Richardson's unparalleled distribution network and Quantic's state-of-the-art capacitor technologies, significantly expanding access to mission-critical capacitors for defense, aerospace, space, communications, and industrial applications worldwide.

Richardson Electronics And Quantic Electronics Forge Global Technology Partnership Encompassing Quantic's Premier US-Based Capacitor Businesses: Quantic Evans, Quantic Eulex, Quantic Paktron, And Quantic UTC

A large exercise of company stock options by Wendy Diddell, COO at Richardson Electronics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RELL#NASDAQ">RELL</a>) was disclosed in a new SEC filing on July 24, as part of an insider exercise.
What Happened: Diddell, COO at Richardson Electronics, exercised stock options for 0 shares of RELL stock. This information was disclosed in a Form 4 filing with the <a href="https://www.sec.gov/Archives/edgar/data/0000355948/000095017024086001//Archives/edgar/data/355948/000095017024086001/0000950170-24-086001-index.htm">U.S. Securities and Exchange Commission</a> on Wednesday. The exercise price of the options was $0.0 per share.
Richardson Electronics shares are trading, exhibiting up of 3.5% and priced at $11.52 during Thursday's morning. This values Diddell's 0 shares at $0.
<h3>Unveiling the Story Behind Richardson Electronics</h3>
Richardson Electronics Ltd provides engineered solutions, power grid, and microwave tubes and related consumables, power conversion, RF and microwave components, high-value flat panel detector solutions, replacement parts, tubes, and service training for diagnostic imaging equipment and customized display solutions. Its products have applications in alternative energy, healthcare, aviation, broadcast, communications, industrial, marine, medical, military, scientific, and semiconductor markets. The company segments include PMT (Power and Microwave Technologies Group), Canvys, (Green Energy Solutions) GES, and Healthcare reportable segments. The company derives the majority of its revenues from the PMT segment.
<h3>Unraveling the Financial Story of Richardson Electronics</h3>
Revenue Challenges: Richardson Electronics's revenue growth over 3 months faced difficulties. As of 29 February, 2024, the company experienced a decline of approximately -25.57%. This indicates a decrease in top-line earnings. As compared to competitors, the company encountered difficulties, with a growth rate lower than the average among peers in the Information Technology sector.
Navigating Financial Profits:
<ul>
<li>
Gross Margin: The company sets a benchmark with a high gross margin of 29.47%, reflecting superior cost management and profitability compared to its peers.
</li>
<li>
Earnings per Share (EPS): Richardson Electronics's EPS reflects a decline, falling below the industry average with a current EPS of 0.05.
</li>
</ul>
Debt Management: Richardson Electronics's debt-to-equity ratio is below the industry average at 0.02, reflecting a lower dependency on debt financing and a more conservative financial approach.
Assessing Valuation Metrics:
<ul>
<li>
Price to Earnings (P/E) Ratio: With a higher-than-average P/E ratio of 38.41, Richardson Electronics's stock is perceived as being overvalued in the market.
</li>
<li>
Price to Sales (P/S) Ratio: With a relatively high Price to Sales ratio of 0.78 as compared to the industry average, the stock might be considered overvalued based on sales performance.
</li>
<li>
EV/EBITDA Analysis (Enterprise Value to its Earnings Before Interest, Taxes, Depreciation &amp; Amortization): Richardson Electronics's EV/EBITDA ratio stands at 23.38, surpassing industry benchmarks. This places the company in a position with a higher-than-average market valuation.
</li>
</ul>
Market Capitalization Analysis: The company's market capitalization is below the industry average, suggesting that it is relatively smaller compared to peers. This could be due to various factors, including perceived growth potential or operational scale.
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<h3>Why Insider Transactions Are Important</h3>
Insider transactions contribute to decision-making but should be supplemented by a comprehensive investment analysis.
In legal terms, an "insider" refers to any officer, director, or beneficial owner of more than ten percent of a company's equity securities registered under Section 12 of the Securities Exchange Act of 1934. This can include executives in the c-suite and large hedge funds. These insiders are required to let the public know of their transactions via a Form 4 filing, which must be filed within two business days of the transaction.
When a company insider makes a new purchase, that is an indication that they expect the stock to rise.
Insider sells, on the other hand, can be made for a variety of reasons, and may not necessarily mean that the seller thinks the stock will go down. 
<h3>Transaction Codes Worth Your Attention</h3>
Examining transactions, <a href="https://www.benzinga.com/money/investing-tools">investors</a> often concentrate on those unfolding in the open market, meticulously detailed in Table I of the Form 4 filing. A P in Box 3 denotes a purchase, while S signifies a sale. Transaction code C indicates the conversion of an option, and transaction code A denotes a grant, award, or other acquisition of securities from the company.
<a href="https://www.benzinga.com/sec/insider-trades/search/index?company_cik=0000355948">Check Out The Full List Of Richardson Electronics's Insider Trades.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Breaking Update: Wendy Diddell Engages In Options Exercise At Richardson Electronics

A significant insider transaction involving the exercise of company stock options was reported on July 24, by Robert J Ben, CFO at Richardson Electronics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RELL#NASDAQ">RELL</a>), as per the latest SEC filing.
What Happened: The latest Form 4 filing on Wednesday with the <a href="https://www.sec.gov/Archives/edgar/data/0000355948/000095017024086007//Archives/edgar/data/355948/000095017024086007/0000950170-24-086007-index.htm">U.S. Securities and Exchange Commission</a> uncovered Ben, CFO at Richardson Electronics, exercising stock options for 0 shares of RELL. The total transaction was valued at $0.
The latest update on Thursday morning shows Richardson Electronics shares up by 3.5%, trading at $11.52. At this price, Ben's 0 shares are worth $0.
<h3>All You Need to Know About Richardson Electronics</h3>
Richardson Electronics Ltd provides engineered solutions, power grid, and microwave tubes and related consumables, power conversion, RF and microwave components, high-value flat panel detector solutions, replacement parts, tubes, and service training for diagnostic imaging equipment and customized display solutions. Its products have applications in alternative energy, healthcare, aviation, broadcast, communications, industrial, marine, medical, military, scientific, and semiconductor markets. The company segments include PMT (Power and Microwave Technologies Group), Canvys, (Green Energy Solutions) GES, and Healthcare reportable segments. The company derives the majority of its revenues from the PMT segment.
<h3>Richardson Electronics: Delving into Financials</h3>
Decline in Revenue: Over the 3 months period, Richardson Electronics faced challenges, resulting in a decline of approximately -25.57% in revenue growth as of 29 February, 2024. This signifies a reduction in the company's top-line earnings. In comparison to its industry peers, the company trails behind with a growth rate lower than the average among peers in the Information Technology sector.
Key Insights into Profitability Metrics:
<ul>
<li>
Gross Margin: With a high gross margin of 29.47%, the company demonstrates effective cost control and strong profitability relative to its peers.
</li>
<li>
Earnings per Share (EPS): With an EPS below industry norms, Richardson Electronics exhibits below-average bottom-line performance with a current EPS of 0.05.
</li>
</ul>
Debt Management: The company maintains a balanced debt approach with a debt-to-equity ratio below industry norms, standing at 0.02.
Assessing Valuation Metrics:
<ul>
<li>
Price to Earnings (P/E) Ratio: Richardson Electronics's current Price to Earnings (P/E) ratio of 38.41 is higher than the industry average, indicating that the stock may be overvalued according to market sentiment.
</li>
<li>
Price to Sales (P/S) Ratio: The current P/S ratio of 0.78 is above industry norms, reflecting an elevated valuation for Richardson Electronics's stock and potential overvaluation based on sales performance.
</li>
<li>
EV/EBITDA Analysis (Enterprise Value to its Earnings Before Interest, Taxes, Depreciation &amp; Amortization): A high EV/EBITDA ratio of 23.38 reflects market recognition of Richardson Electronics's value, positioning it as more highly valued compared to industry peers.
</li>
</ul>
Market Capitalization Perspectives: The company's market capitalization falls below industry averages, signaling a relatively smaller size compared to peers. This positioning may be influenced by factors such as perceived growth potential or operational scale.
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<h3>Navigating the Impact of Insider Transactions on Investments</h3>
Considering insider transactions is valuable, but it's crucial to evaluate them in conjunction with other investment factors.
In the realm of legality, an "insider" is defined as any officer, director, or beneficial owner holding more than ten percent of a company's equity securities under Section 12 of the Securities Exchange Act of 1934. This includes executives in the c-suite and major hedge funds. These insiders are required to disclose their transactions through a Form 4 filing, to be submitted within two business days of the transaction.
Notably, when a company insider makes a new purchase, it is considered an indicator of their positive expectations for the stock.
Conversely, insider sells may not necessarily signal a bearish stance on the stock and can be motivated by various factors.
<h3>Breaking Down the Significance of Transaction Codes</h3>
When it comes to transactions, <a href="https://www.benzinga.com/money/investing-tools">investors</a> tend to focus on those in the open market, detailed in Table I of the Form 4 filing. A P in Box 3 denotes a purchase, while S indicates a sale. Transaction code C signals the conversion of an option, and transaction code A denotes a grant, award, or other acquisition of securities from the company.
<a href="https://www.benzinga.com/sec/insider-trades/search/index?company_cik=0000355948">Check Out The Full List Of Richardson Electronics's Insider Trades.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Breaking Update: Robert J Ben Engages In Options Exercise At Richardson Electronics

On July 24, it was revealed in an SEC filing that Edward J Richardson, Chairman &amp; CEO at Richardson Electronics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RELL#NASDAQ">RELL</a>) executed a significant exercise of company stock options.
What Happened: Richardson, Chairman &amp; CEO at Richardson Electronics, made a strategic move by exercising stock options for 0 shares of RELL as detailed in a Form 4 filing on Wednesday with the <a href="https://www.sec.gov/Archives/edgar/data/0000355948/000095017024086035//Archives/edgar/data/355948/000095017024086035/0000950170-24-086035-index.htm">U.S. Securities and Exchange Commission</a>. The transaction value amounted to $0.
The Thursday morning update indicates Richardson Electronics shares up by 3.5%, currently priced at $11.52. At this value, Richardson's 0 shares are worth $0.
<h3>About Richardson Electronics</h3>
Richardson Electronics Ltd provides engineered solutions, power grid, and microwave tubes and related consumables, power conversion, RF and microwave components, high-value flat panel detector solutions, replacement parts, tubes, and service training for diagnostic imaging equipment and customized display solutions. Its products have applications in alternative energy, healthcare, aviation, broadcast, communications, industrial, marine, medical, military, scientific, and semiconductor markets. The company segments include PMT (Power and Microwave Technologies Group), Canvys, (Green Energy Solutions) GES, and Healthcare reportable segments. The company derives the majority of its revenues from the PMT segment.
<h3>Unraveling the Financial Story of Richardson Electronics</h3>
Revenue Growth: Richardson Electronics's revenue growth over a period of 3 months has faced challenges. As of 29 February, 2024, the company experienced a revenue decline of approximately -25.57%. This indicates a decrease in the company's top-line earnings. As compared to its peers, the revenue growth lags behind its industry peers. The company achieved a growth rate lower than the average among peers in Information Technology sector.
Key Profitability Indicators:
<ul>
<li>
Gross Margin: The company maintains a high gross margin of 29.47%, indicating strong cost management and profitability compared to its peers.
</li>
<li>
Earnings per Share (EPS): Richardson Electronics's EPS is below the industry average, signaling challenges in bottom-line performance with a current EPS of 0.05.
</li>
</ul>
Debt Management: With a below-average debt-to-equity ratio of 0.02, Richardson Electronics adopts a prudent financial strategy, indicating a balanced approach to debt management.
Understanding Financial Valuation:
<ul>
<li>
Price to Earnings (P/E) Ratio: Richardson Electronics's stock is currently priced at a premium level, as reflected in the higher-than-average P/E ratio of 38.41.
</li>
<li>
Price to Sales (P/S) Ratio: The current P/S ratio of 0.78 is above industry norms, reflecting an elevated valuation for Richardson Electronics's stock and potential overvaluation based on sales performance.
</li>
<li>
EV/EBITDA Analysis (Enterprise Value to its Earnings Before Interest, Taxes, Depreciation &amp; Amortization): A high EV/EBITDA ratio of 23.38 positions the company as being more valued compared to industry benchmarks.
</li>
</ul>
Market Capitalization Analysis: Positioned below industry benchmarks, the company's market capitalization faces constraints in size. This could be influenced by factors such as growth expectations or operational capacity.
<a href="https://www.schwab.com/brokerage?aff=XEC">Now trade stocks online commission free with Charles Schwab, a trusted and complete investment firm.</a>
<h3>The Relevance of Insider Transactions</h3>
Insider transactions, although significant, should be considered within the larger context of market analysis and trends.
When discussing legal matters, the term "insider" refers to any officer, director, or beneficial owner holding more than ten percent of a company's equity securities, as stipulated in Section 12 of the Securities Exchange Act of 1934. This includes executives in the c-suite and significant hedge funds. Such insiders are required to report their transactions through a Form 4 filing, which must be completed within two business days of the transaction.
A new purchase by a company insider is a indication that they anticipate the stock will rise.
On the other hand, insider sells may not necessarily indicate a bearish view and can be motivated by various factors.
<h3>A Deep Dive into Insider Transaction Codes</h3>
When dissecting transactions, the focal point for <a href="https://www.benzinga.com/money/investing-tools">investors</a> is often those occurring in the open market, meticulously detailed in Table I of the Form 4 filing. A P in Box 3 denotes a purchase, while S signifies a sale. Transaction code C indicates the conversion of an option, and transaction code A denotes a grant, award, or other acquisition of securities from the company.
<a href="https://www.benzinga.com/sec/insider-trades/search/index?company_cik=0000355948">Check Out The Full List Of Richardson Electronics's Insider Trades.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Options Exercise Activity Initiated By Edward J Richardson At Richardson Electronics

Richardson Electronics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RELL#NASDAQ">RELL</a>) reported quarterly earnings of $0.02 per share which beat the analyst consensus estimate of $(0.04) by 150 percent. The company reported quarterly sales of $47.374 million which missed the analyst consensus estimate of $48.010 million by 1.32 percent. This is a 19.48 percent decrease over sales of $58.832 million the same period last year.

Earnings Beats

Earnings Misses

Richardson Electronics Q4 2024 Adj EPS $0.02 Beats $(0.04) Estimate, Sales $47.374M Miss $48.010M Estimate

Northland Capital Markets initiates coverage on Richardson Electronics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RELL#NASDAQ">RELL</a>) with a Outperform rating and announces Price Target of $13.

Price Target

Initiation

Analyst Ratings

Northland Capital Markets Initiates Coverage On Richardson Electronics with Outperform Rating, Announces Price Target of $13

Although U.S. stocks closed higher on Tuesday, there were a few notable insider trades.
When insiders purchase shares, it indicates their confidence in the company&#8217;s prospects or that they view the stock as a bargain. Either way, this signals an opportunity to go long on the stock. Insider purchases should not be taken as the only indicator for making an investment or trading decision. At best, it can lend conviction to a buying decision.
Below is a look at a few recent notable insider purchases. For more, check out <a href="https://www.benzinga.com/sec/insider-trades/">Benzinga&#8217;s insider transactions</a> platform.
<h3 class="wp-block-heading">Lovesac</h3>
<ul>
<li>The Trade: The Lovesac Company (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LOVE#NASDAQ">LOVE</a>) EVP and CFO Keith R. Siegner <a href="https://www.benzinga.com/quote/LOVE/analyst-ratings">acquired a total of 4,800 shares</a> at an average price of $20.81. To acquire these shares, it cost around $99,864.</li>
<li>What's Happening: On April 17, Maxim Group analyst Tom Forte initiated coverage on Lovesac with a Buy rating and announced a price target of $36.</li>
<li>What Lovesac Does: The Lovesac Co designs, manufactures and sells alternative furniture which is comprised of modular couches called sactionals and premium foam beanbag chairs called sacs.</li>
</ul>
<h3 class="wp-block-heading">Citi Trends</h3>
<ul>
<li>The Trade: Citi Trends, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CTRN#NASDAQ">CTRN</a>) 10% owner Pleasant Lake Partners LLC acquired a total of 65,495 shares at an average price of $22.07. To acquire these shares, it cost around $1.45 million.</li>
<li>What's Happening: On March 19, Citi Trends reported worse-than-expected fourth-quarter financial results.</li>
<li>What Citi Trends Does: Citi Trends Inc is a retailer of urban fashion apparel and accessories in the United States.</li>
</ul>
Don&#8217;t forget to check out our <a href="https://www.benzinga.com/premarket/">premarket coverage here</a>
<h3 class="wp-block-heading">Richardson Electronics</h3>
<ul>
<li>The Trade: Richardson Electronics, Ltd. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RELL#NASDAQ">RELL</a>) Director Kenneth Halverson <a href="https://www.benzinga.com/sec/insider-trades/">bought a total of 2,500 shares</a> at an average price of $10.05. The insider spent around $25,123 to buy those shares.</li>
<li>What's Happening: On April 10, Richardson Electronics posted upbeat quarterly earnings.</li>
<li>What Richardson Electronics Does: Richardson Electronics Ltd provides engineered solutions, power grid, and microwave tubes and related consumables, power conversion, RF and microwave components, high-value flat panel detector solutions, replacement parts, tubes, and service training for diagnostic imaging equipment and customized display solutions.</li>
</ul>
Check This Out: <a href="https://www.benzinga.com/news/earnings/24/04/38396305/tesla-boeing-and-3-stocks-to-watch-heading-into-wednesday">Tesla, Boeing And 3 Stocks To Watch Heading Into Wednesday</a>

<h3>Gainers</h3>
<ul>
<li>OMNIQ (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OMQS#NASDAQ">OMQS</a>) shares rose 64.5% to $0.64 during Thursday's regular session. The company's market cap stands at $6.7 million. </li>
<li>Edgio (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EGIO#NASDAQ">EGIO</a>) shares rose 27.12% to $16.87. The company's market cap stands at $98.7 million. </li>
<li>Alpha Technology Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ATGL#NASDAQ">ATGL</a>) stock rose 20.55% to $3.05. The market value of their outstanding shares is at $46.5 million. </li>
<li>Verb Tech (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VERB#NASDAQ">VERB</a>) stock rose 17.58% to $0.21. The market value of their outstanding shares is at $16.9 million. </li>
<li>Richardson Electronics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RELL#NASDAQ">RELL</a>) shares increased by 14.49% to $10.71. The company's market cap stands at $152.8 million. The company's, Q3 earnings came out yesterday. </li>
<li>Alarum Technologies (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ALAR#NASDAQ">ALAR</a>) shares rose 13.62% to $25.1. The company's market cap stands at $160.8 million. </li>
</ul>
<h3>Losers</h3>
<ul>
<li>Nano Labs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NA#NASDAQ">NA</a>) stock decreased by 51.4% to $0.94 during Thursday's regular session. The company's market cap stands at $66.2 million. </li>
<li>ClearOne (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CLRO#NASDAQ">CLRO</a>) stock declined by 37.67% to $0.99. The company's market cap stands at $23.7 million. </li>
<li>VIA optronics (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VIAO#NYSE">VIAO</a>) shares decreased by 20.64% to $0.5. The company's market cap stands at $11.3 million. </li>
<li>Semantix (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/STIX#NASDAQ">STIX</a>) stock decreased by 9.76% to $0.36. The market value of their outstanding shares is at $28.3 million. </li>
<li>Auddia (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AUUD#NASDAQ">AUUD</a>) stock decreased by 8.85% to $2.37. The company's market cap stands at $5.2 million. </li>
<li>CXApp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CXAI#NASDAQ">CXAI</a>) shares decreased by 8.67% to $4.32. The company's market cap stands at $65.8 million. 
See Also: <a href="http://www.benzinga.com/money/tech-stocks/" title="www.benzinga.com/money/tech-stocks/">www.benzinga.com/money/tech-stocks/</a></li>
</ul>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Movers

ALAR

ATGL

AUUD

CLRO

CXAI

EGIO

OMQS

STIX

VERB

VIAO

12 Information Technology Stocks Moving In Thursday's Intraday Session

Richardson Electronics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RELL#NASDAQ">RELL</a>) reported quarterly earnings of $0.05 per share which beat the analyst consensus estimate of $0.02 by 150 percent. This is a 88.64 percent decrease over earnings of $0.44 per share from the same period last year. The company reported quarterly sales of $52.38 million which missed the analyst consensus estimate of $56.00 million by 6.47 percent. This is a 25.57 percent decrease over sales of $70.36 million the same period last year.

Richardson Electronics Q3 EPS $0.05 Beats $0.02 Estimate, Sales $52.38M Miss $56.00M Estimate

<h3>Companies Reporting Before The Bell</h3>
&bull; Delta Air Lines (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DAL#NYSE">DAL</a>) is projected to report quarterly earnings at $0.35 per share on revenue of $12.55 billion.
&bull; Altamira Therapeutics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CYTO#NASDAQ">CYTO</a>) is estimated to report earnings for its Fiscal Year 2023.
&bull; Target Hospitality (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TH#NASDAQ">TH</a>) is estimated to report quarterly loss at $0.12 per share on revenue of $20.10 million.
&bull; Theratechnologies (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/THTX#NASDAQ">THTX</a>) is estimated to report quarterly loss at $0.12 per share on revenue of $20.10 million.
&bull; Root (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ROOT#NASDAQ">ROOT</a>) is expected to report quarterly earnings at $0.30 per share on revenue of $114.70 million.
<h3>Companies Reporting After The Bell</h3>
&bull; Rent the Runway (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RENT#NASDAQ">RENT</a>) is projected to report quarterly loss at $6.25 per share on revenue of $74.17 million.
&bull; Richardson Electronics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RELL#NASDAQ">RELL</a>) is expected to report quarterly earnings at $0.02 per share on revenue of $56.00 million.
&bull; Pure Cycle (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PCYO#NASDAQ">PCYO</a>) is projected to report earnings for its second quarter.
&bull; Lakeland Industries (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LAKE#NASDAQ">LAKE</a>) is estimated to report quarterly earnings at $0.30 per share on revenue of $32.50 million.
This article was generated by Benzinga&#39;s automated content engine and reviewed by an editor.

CYTO

PCYO

RENT

ROOT

THTX

Earnings Scheduled For April 10, 2024

With U.S. stock futures trading higher this morning on Wednesday, some of the stocks that may grab investor focus today are as follows:
Wall Street expects Delta Air Lines, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/dal#NYSE">DAL</a>) to report quarterly earnings at 36 cents per share on revenue of $12.57 billion before the opening bell, according to data from <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>. Delta Air shares gained 0.3% to $47.46 in after-hours trading.
PriceSmart, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/psmt#NASDAQ">PSMT</a>) posted better-than-expected earnings for its second quarter. The company reported quarterly earnings of $1.31 per share, beating market estimates of $1.25 per share. PriceSmart shares climbed 4.7% to $87.01 in the after-hours trading session.
Analysts are expecting Richardson Electronics, Ltd. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/rell#NASDAQ">RELL</a>) to post quarterly earnings at 2 cents per share on revenue of $56.00 million. The company will release earnings after the markets close. Richardson Electronics shares gained 1.5% to close at $9.35 on Tuesday.
Check out our <a href="https://www.benzinga.com/premarket/"> premarket coverage here </a> 
Smart Global Holdings, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/sgh#NASDAQ">SGH</a>) posted better-than-expected results for its second quarter. The company saw third-quarter earnings of 30 cents per share, plus or minus 15 cents, versus the 28 cent estimate. The company expects third-quarter revenue of $300 million, plus or minus $25 million, versus the $307.864 million estimate. Smart Global shares dipped 7.4% to $24.01 in the after-hours trading session.
Analysts expect Lakeland Industries, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/lake#NASDAQ">LAKE</a>) to post quarterly earnings at 30 cents per share on revenue of $32.50 million after the closing bell. In after-hours trading, Lakeland Industries shares rose 2.8% to $17.90.
Check This Out: <a href="https://www.benzinga.com/news/earnings/24/04/38166239/carmax-earnings-are-imminent-these-most-accurate-analysts-revise-forecasts-ahead-of-earnings-call"> CarMax Earnings Are Imminent; These Most Accurate Analysts Revise Forecasts Ahead Of Earnings Call </a>

The CNN Money Fear and Greed index showed some decline in the overall market sentiment, while the index remained in the &quot;Greed&quot; zone on Tuesday.
U.S. stocks closed mixed on Tuesday, with the Dow Jones index settling slightly lower during the session.
Data on the March inflation rate will be released on Wednesday. Economists expect inflation to increase 0.3% month over Month.
On the economic data front, the NFIB Small Business Optimism Index declined for a third straight month to a reading of 88.5 in March, compared to market estimates of 90.2.
Shares of Cognyte Software Ltd. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/cgnt#NASDAQ">CGNT</a>) fell around 14% on Tuesday after the company reported fourth-quarter results and issued FY25 guidance. Tilray Brands, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/tlry#NASDAQ">TLRY</a>) shares tumbled more than 20% after the company missed third-quarter estimates and said it no longer expects to generate positive adjusted free cash flow for the full fiscal year 2024.
Most sectors on the S&amp;P 500 closed on a positive note, with real estate, utilities, and consumer staples stocks recording the biggest gains on Tuesday. However, financial and industrial stocks bucked the overall market trend, closing the session lower.
The Dow Jones closed lower by around 9 points to 38,883.67 on Tuesday. The S&amp;P 500 gained 0.14% at 5,209.91, while the Nasdaq Composite rose 0.32% at 16,306.64 during Tuesday&rsquo;s session.
Investors are awaiting earnings results from Lakeland Industries, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/lake#NASDAQ">LAKE</a>), Richardson Electronics, Ltd. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/rell#NASDAQ">RELL</a>), and Delta Air Lines, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/dal#NYSE">DAL</a>) today.
At a current reading of 61.2, the index remained in the &quot;Greed&quot; zone on Tuesday, versus a prior reading of 62.4.
What is CNN Business Fear &amp; Greed Index?
The Fear &amp; Greed Index is a measure of the current market sentiment. It is based on the premise that higher fear exerts pressure on stock prices, while higher greed has the opposite effect. The index is calculated based on seven equal-weighted indicators. The index ranges from 0 to 100, where 0 represents maximum fear and 100 signals maximum greediness.
&nbsp;
Read Next: <a href="https://www.benzinga.com/trading-ideas/long-ideas/24/04/38155367/jim-cramer-was-upset-at-this-hostile-takeover-but-they-fixed-the-situation-stocks-been-a"> Jim Cramer Was Upset At This Hostile Takeover, But &#39;They Fixed The Situation. Stock&#39;s Been A Horse&#39; </a>

Market-Moving Exclusives

Exclusives

IPWR

EXCLUSIVE: Ideal Power Tells Benzinga Co. Announced An Agreement With Richardson Electronics For The Global Distribution Of Ideal Power's Products Including B-TRAN Device And  SymCool Power Module

Ideal Power Inc&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IPWR#NASDAQ">IPWR</a>) today announced an agreement with&nbsp;Richardson Electronics, Ltd&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RELL#NASDAQ">RELL</a>) to distribute Ideal Power's products globally, including the discrete B-TRAN device and SymCool power module.
"We are excited to announce Richardson Electronics as the first distributor for our products. They have strong technical sales capability, expertise in demand creation and securing sales for new technologies, robust customer support, and global reach," CEO Dan Brdar said.&nbsp;
"Our products are a perfect fit for Richardson Electronics' existing customer base needing medium and high voltage power semiconductors," Brdar added.&nbsp;
Also Read:&nbsp;<a target="_blank" href="https://www.benzinga.com/news/24/02/37213199/ideal-power-launches-symcool-power-modules-eyes-major-oem-partnerships-for-2024" rel="noreferrer noopener">Ideal Power Launches SymCool Power Modules, Eyes Major OEM Partnerships for 2024</a>
Ideal Power recently commenced shipment of its SymCool power modules to fulfill customer orders.&nbsp;
The SymCool power module delivers clear advantages for several applications, including solid-state switchgear and circuit protection, renewable energy inverters for solar and wind, industrial inverters, hybrid and electric vehicles ("EVs"), and EV charging.&nbsp;
Ideal Power looks forward to industrial markets, mainly the solid-state circuit breaker market served by our SymCool power module, to be the earliest source of its sales ramp beginning in the second half of 2024, as expected.
Price Action:&nbsp;IPWR shares closed higher by 5.43% at $11.65 on Friday.
Also Read:&nbsp;<a target="_blank" href="https://www.benzinga.com/news/24/02/37261827/exclusive-ideal-power-advances-ev-technology-with-stellantis-completes-key-phase-in-developing-next" rel="noreferrer noopener">EXCLUSIVE: Ideal Power Advances EV Technology with Stellantis, Completes Key Phase in Developing Next-Gen EV Inverters</a>

EXCLUSIVE: Ideal Power Strikes Global Distribution Deal With Richardson Electronics, Boosting EV and Renewable Energy Tech

<a href="https://www.globenewswire.com/Tracker?data=OYnFhaSmP_IpuAP_oDNLVCpDsRqNPgx24Mzr3ksXmVryLXwJmNf69q37w0O1m5ENZ5RTfz8j2WeDsLN9-1qNrO8YxJ6GfKQRcE-e6BUyfNs=">Richardson Electronics, Ltd</a>. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RELL#NASDAQ">RELL</a>), a global provider of engineered solutions for renewable energy and other power management applications, has reached a significant milestone with the shipment and installation of over 50,000 patented <a href="https://www.globenewswire.com/Tracker?data=KTdq-Y__jGDGxc_UnvoRxoEcZRB6JInXQuxVF5MjG8DNIIRar2i_fGMyeBOOR20PYhWNmkAsurKl2h1yNfK6DUd8tUfRL6kYTAZWSE_skss=">ULTRA3000&#xAE;</a> pitch energy modules ("PEMs"). PEMs store and manage energy required to adjust the blade angles to ensure effective operation of the wind turbine. This achievement marks the largest retrofit of ultracapacitors for pitch energy modules in North America and is a major step toward the Company's growth goals within the renewable energy market. &nbsp;
Richardson Electronics' ULTRA3000&#xAE; is a drop-in replacement for lead acid batteries used in electric pitch systems within wind turbines. Lead-acid batteries are toxic to the environment if not properly disposed. In addition, the improved life span of the patented ULTRA3000&#xAE; reduces maintenance requirements and significantly reduces the environmental impact associated with lead acid batteries. To put it into perspective, the Company estimates the impact of installing 50,000 PEMs is equivalent to:
<ul>
<li>Eliminating the demand for approximately 250,000 toxic lead-acid batteries that can cause environmental issues</li>
<li>Saving an estimated 3,300 tons of CO2 production</li>
<li>Saving owner-operators millions of dollars in maintenance and battery disposal costs over the life of the wind turbine &nbsp;</li>
</ul>
"This milestone is a testament to our team's dedication and hard work. Our design, manufacturing, and quality approach allowed us to reach this milestone in a very short amount of time. As we celebrate this achievement, we are excited to expand outside of North America with new products designed and engineered for other wind turbine platforms throughout the world," stated Greg Peloquin, Executive Vice President and General Manager of <a href="https://www.globenewswire.com/Tracker?data=_fLFibQBm-uygBsr0lCvylQ9g5OEtNX-jqbVwHGHaLQljxSrzYn3LL9pUMFxdYkiZkI8j5t5jboTaOVokRO-qLcv97nH4BMrTk69eCHGvF7Q1Ds6mlmyO8HNT-qgq0Hi">Power &amp; Microwave Technologies</a> and <a href="https://www.globenewswire.com/Tracker?data=Mi_qkltRkurJ-qhTyt4y9-SNRDWYuaL45crA_FzzmaWczwoXe5kBE4o5vB_CkIhopBTz9I-2zubbqr7O3a0DJshiFpHTjZjxbL8Cr5zci-fqPQOo-uuA_MAPXkz5KGIM">Green Energy Solutions</a> groups.
Richardson Electronics will showcase its ultracapacitor pitch energy modules and other product solutions for wind turbine platforms on September 24 to 27, 2024, at the <a href="https://www.globenewswire.com/Tracker?data=UxdnZigPuo63d2JxzAT6ZP1lTcXjSiztqdTCiyZvo1C_1Mdve64U6tWGvmbMgU1TFL1R39-bWxKPr5emhtFoSXBtCAEfaelCLKBZ4PSPXA0zCndV1MKYgC8EYvuxiTv-p6aBztwI511qpJr13-3Bk3KhxO0z74ZYKz3SkuLkQ4A=">WindEnergy Hamburg Event</a> (Hamburg, Germany). With approximately 40,000 attendees from over 100 countries, this show is one of the world's biggest and most important wind business platforms for exchanging news and views and building networks.

Richardson Electronics, Ltd. Completes Phase One Of Largest Retrofit Of Ultracapacitors For Pitch Energy Modules In North America

The CNN Money Fear and Greed index showed some easing in overall market sentiment, while the index remained in the &quot;Greed&quot; zone on Thursday.
U.S. stocks closed mixed on Thursday following the release of a fresh round of inflation data.
U.S. consumer prices increased by 0.3% month-over-month in December compared to a 0.1% rise in November and versus market estimates of 0.2%. The annual inflation rate rose to 3.4% in December versus a five-month low level of 3.1% in November, and compared to market estimates of 3.2%.
Other data released Thursday showed U.S. initial jobless claims declined by 1,000 from the prior week&rsquo;s revised reading of 202,000 in the period ending Jan, 6, compared to market expectations of 210,000.
Shares of Richardson Electronics, Ltd. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/rell#NASDAQ">RELL</a>) fell 19% on Thursday after the company posted weaker-than-expected results for its second quarter.
Most sectors on the S&amp;P 500 closed on a negative note, with utilities and real estate stocks recording the biggest losses on Thursday. However, information technology and energy stocks bucked the overall market trend, closing the session higher.
The Dow Jones closed higher by around 15 points to 37,711.02 on Thursday. The S&amp;P 500 fell 0.07% at 4,780.24, while the Nasdaq Composite rose 0.01% at 14,970.18 during Thursday&rsquo;s session.
Investors are awaiting earnings results from Citigroup Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/c#NYSE">C</a>), Bank of America Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/bac#NYSE">BAC</a>), JPMorgan Chase &amp; Co. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/jpm#NYSE">JPM</a>) and Delta Air Lines, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/dal#NYSE">DAL</a>) today.
At a current reading of 72.5, the index remained in the &quot;Greed&quot; zone on Thursday versus a prior reading of 74.
What is CNN Business Fear &amp; Greed Index?
The Fear &amp; Greed Index is a measure of the current market sentiment. It is based on the premise that higher fear exerts pressure on stock prices, while higher greed has the opposite effect. The index is calculated based on seven equal-weighted indicators. The index ranges from 0 to 100, where 0 represents maximum fear and 100 signals maximum greediness.
&nbsp;
Read Next: <a href="https://www.benzinga.com/news/earnings/24/01/36606144/bank-of-america-likely-to-report-lower-q4-earnings-these-most-accurate-analysts-revise-forecasts-ah"> Bank of America Likely To Report Lower Q4 Earnings; These Most Accurate Analysts Revise Forecasts Ahead Of Earnings Call</a>

Investor Sentiment Eases Following Inflation Data; Bank Earnings In Focus

U.S. stocks traded slightly lower toward the end of trading, with the Dow Jones index falling around 20 points on Thursday.
The Dow traded down 0.05% to 37,675 while the NASDAQ fell 0.05% to 14,962.80. The S&amp;P 500 also fell, dropping, 0.11% to 4,778.06.
Check This Out: <a href="https://www.benzinga.com/news/24/01/36591892/top-5-materials-stocks-that-are-ticking-portfolio-bombs"> Top 5 Materials Stocks That Are Ticking Portfolio Bombs</a>
&nbsp;
<h3>Leading and Lagging Sectors</h3>
&nbsp;
Energy shares rose by 0.1% on Thursday.
In trading on Thursday, utilities shares fell by 2.3%.
&nbsp;
<h3>Top Headline</h3>
&nbsp;
U.S. natural-gas supplies fell 140 billion cubic feet during the week ended Jan. 5, 2024, the EIA said.
&nbsp;
<h3>Equities Trading UP</h3>
&nbsp;
First Financial Northwest, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ffnw#NASDAQ">FFNW</a>) shares shot up 48% to $20.20. Global Credit Union announced plans to acquire First Financial Northwest Bank for all-cash consideration of $231.2 million.
Shares of SEALSQ Corp (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/laes#NASDAQ">LAES</a>) got a boost, surging 51% to $2.9499. SEALSQ announced that its FY23 revenue hit $30 million, a significant increase of 29% year-over-year, exceeding its Q3 outlook of growth in excess of 20%.
Transphorm, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/tgan#NASDAQ">TGAN</a>) shares were also up, gaining 25% to $4.75 after Renesas Electronics announced plans to acquire the company for $5.10 per share in cash.
&nbsp;
<h3>Equities Trading DOWN</h3>
&nbsp;
Clearmind Medicine Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/cmnd#NASDAQ">CMND</a>) shares dropped 41% to $1.7275. Clearmind Medicine reported pricing of $2.4 million registered direct and private placement.
Shares of Richardson Electronics, Ltd. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/rell#NASDAQ">RELL</a>) were down 21% to $9.87 after the company posted weaker-than-expected results for its second quarter.
Office Properties Income Trust (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/opi#NASDAQ">OPI</a>) was down, falling 39% to $3.7850 after the company reduced its quarterly dividend to $0.01 per share.
Also Check This Out:<a href="https://www.benzinga.com/news/earnings/24/01/36588614/how-to-earn-500-a-month-from-citigroup-stock-ahead-of-q4-earnings-report"> How To Earn $500 A Month From Citigroup Stock Ahead Of Q4 Earnings Report</a>
&nbsp;
<h3>Commodities</h3>
&nbsp;
In commodity news, oil traded up 0.9% to $72.02 while gold traded down 0.4% at $2,020.20.
Silver traded down 1.5% to $22.715 on Thursday while copper rose 0.1% to $3.7815.
&nbsp;
<h3>Euro zone</h3>
&nbsp;
European shares were lower today. The eurozone&rsquo;s STOXX 600 fell 0.77%, London&rsquo;s FTSE 100 fell 0.98% while Spain&rsquo;s IBEX 35 Index fell 0.62% The German DAX fell 0.86% French CAC 40 fell 0.52% while Italy&rsquo;s FTSE MIB Index fell 0.66%.
Industrial production in Spain increased by 0.8% year-over-year in November, while Italy&rsquo;s industrial production declined by 1.5% month-over-month in November.
&nbsp;
<h3>Asia Pacific Markets</h3>
&nbsp;
Asian markets closed higher on Thursday, with Japan&rsquo;s Nikkei 225 gaining 1.77%, Hong Kong&rsquo;s Hang Seng Index rising 1.27% and China&rsquo;s Shanghai Composite Index gaining 0.31%. India&rsquo;s S&amp;P BSE Sensex, meanwhile, rose 0.1%.
China&#39;s vehicle sales jumped 23.5% year-over-year in December to 3.156 million units, following a 27.4% surge in November. The index of leading economic indicators in Japan fell to 107.7 in November versus a final reading of 108.9 in the earlier month, while index of coincident economic indicators fell to 114.5 in November compared to a final 115.9 a month ago. Reserve assets in Japan climbed to $1.295 trillion in December from $1.270 trillion a month ago, recording the highest level since July 2022.
&nbsp;
<h3>Economics</h3>
&nbsp;
U.S. consumer prices increased by 0.3% month-over-month in December compared to a 0.1% rise in November and versus market estimates of 0.2%.
The annual inflation rate rose to 3.4% in December versus a five-month low level of 3.1% in November, and compared to market estimates of 3.2%.
U.S. initial jobless claims declined by 1,000 from the prior week&rsquo;s revised reading of 202,000 in the period ending Jan, 6, compared to market expectations of 210,000.
U.S. natural-gas supplies fell 140 billion cubic feet during the week ended Jan. 5, 2024, the EIA said.
Now Read This: <a href="https://www.benzinga.com/news/24/01/36591788/chewy-to-rally-over-50-here-are-10-top-analyst-forecasts-for-thursday"> Chewy To Rally Over 50%? Here Are 10 Top Analyst Forecasts For Thursday</a>

Eurozone

Commodities

Global

Intraday Update

CMND

FFNW

LAES

TGAN

Crude Oil Moves Higher; Clearmind Medicine Shares Plummet

Shares of TechTarget, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ttgt#NASDAQ">TTGT</a>) rose sharply during Thursday&rsquo;s session after the company announced a strategic combination with Informa Tech&#39;s digital businesses.
TechTarget shares surged 14.4% to $40.34 on Thursday.
Here are some other stocks moving in today&#39;s mid-day session.
<h3>Gainers</h3>
<ul>
<li>Atreca, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/bcel#NASDAQ">BCEL</a>) shares surged 128.2% to $0.2447 after falling around 7% on Wednesday. Atreca, last month, announced the sale of a collection of antibody-related assets and materials to Immunome consisting of a $5.5 million upfront payment and up to $7.0 million in clinical development milestones.</li>
<li>First Financial Northwest, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ffnw#NASDAQ">FFNW</a>) rose 53% to $20.94. Global Credit Union announced plans to acquire First Financial Northwest Bank for all-cash consideration of $231.2 million.</li>
<li>Moolec Science SA (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/mlec#NASDAQ">MLEC</a>) gained 28.7% to $2.47.</li>
<li>E-Home Household Service Holdings Limited (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ejh#NYSE">EJH</a>) gained 27% to $0.6677.</li>
<li>Roma Green Finance Limited (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/roma#NASDAQ">ROMA</a>) gained 26% to $4.98.</li>
<li>SEALSQ Corp (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/laes#NASDAQ">LAES</a>) rose 25.6% to $2.45. SEALSQ announced that its FY23 revenue hit $30 million, a significant increase of 29% year-over-year, exceeding its Q3 outlook of growth in excess of 20%.</li>
<li>Transphorm, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/tgan#NASDAQ">TGAN</a>) surged 25.3% to $4.75 after Renesas Electronics announced plans to acquire the company for $5.10 per share in cash.</li>
<li>Sagimet Biosciences Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/sgmt#NASDAQ">SGMT</a>) gained 22.7% to $6.42.</li>
<li>Spectaire Holdings Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/spec#NASDAQ">SPEC</a>) shares gained 22.2% to $2.97. Spectaire signed a distribution agreement with MLab and Mosolf to bring AireCore Emissions System in Europe.</li>
<li>Marti Technologies, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/mrt#NYSE">MRT</a>) shares gained 19.6% to $0.78. Marti announced up to $2.5 million share repurchase program.</li>
<li>Canaan Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/can#NASDAQ">CAN</a>) shares rose 19.6% to $2.56 after the SEC approved the listing and trading of spot Bitcoin ETFs.</li>
<li>Eightco Holdings Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/octo#NASDAQ">OCTO</a>) gained 17.2% to $0.5719</li>
<li>Future FinTech Group Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ftft#NASDAQ">FTFT</a>) surged 15.4% to $1.5344 after declining more than 5% on Wednesday.</li>
<li>Bitcoin Depot Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/btm#NASDAQ">BTM</a>) shares gained 12.8% to $2.98. Bitcoin Depot announced the expansion of its workforce with the hiring of more than a dozen new sales representatives.</li>
<li>BTCS Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/btcs#NASDAQ">BTCS</a>) gained 11.5% to $2.2550.</li>
<li>Bitfarms Ltd (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/bitf#NASDAQ">BITF</a>) rose 11.4% to $3.3450 amid strength in Bitcoin.</li>
<li>Eightco Holdings Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/octo#NASDAQ">OCTO</a>) gained 11.3% to $0.5429 after falling 5% on Wednesday.</li>
<li>Infinera Corporation (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/infn#NASDAQ">INFN</a>) rose 10.2% to $5.05. Infinera expects preliminary 4Q23 revenue and net income per diluted share to be within or exceed the previously provided ranges of $421 million -$451 million and $0.05-$0.13.</li>
<li>Bitdeer Technologies Group (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/btdr#NASDAQ">BTDR</a>) shares gained 9.3% to $8.35 amid strength in the price of Bitcoin.</li>
<li>Stronghold Digital Mining, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/sdig#NASDAQ">SDIG</a>) shares climbed 8.8% to $7.55. Shares of several crypto-related stocks traded higher after the SEC approved the listing and trading of spot Bitcoin ETFs.</li>
<li>Bit Digital, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/btbt#NASDAQ">BTBT</a>) rose 8.2% to $3.7450 after the SEC approved the listing and trading of spot Bitcoin ETFs.</li>
<li>TeraWulf Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/wulf#NASDAQ">WULF</a>) climbed 8.1% to $2.29 after gaining over 4% on Wednesday.</li>
<li>The Lion Electric Company (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/lev#NYSE">LEV</a>) gained 7.3% to $1.90. Lion Electric secured $38 million grant for 97 school buses and related charging infrastructure.</li>
</ul>
<h3>Losers</h3>
<ul>
<li>Clearmind Medicine Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/cmnd#NASDAQ">CMND</a>) shares fell 42.7% to $1.6797. Clearmind Medicine reported pricing of $2.4 million registered direct and private placement.</li>
<li>Office Properties Income Trust (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/opi#NASDAQ">OPI</a>) fell 36% to $3.9650 after the company reduced its quarterly dividend to $0.01 per share.</li>
<li>YanGuFang International Group Co., Ltd. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ygf#NASDAQ">YGF</a>) fell 34.4% to $1.1880. YanGuFang International named Ya Zhang Interim CEO and Yang Sui as Interim CFO, effective as of Jan. 9, 2024.</li>
<li>180 Life Sciences Corp. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/atnf#NASDAQ">ATNF</a>) shares fell 25.5% to $0.2244. 180 Life Sciences was granted EU patent titled &quot;Method of Treating a Localized Fibrotic Disorder Using An Il-33 Antagonist.&quot;</li>
<li>Richardson Electronics, Ltd. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/rell#NASDAQ">RELL</a>) fell 20.7% to $9.91 after the company posted weaker-than-expected results for its second quarter.</li>
<li>Greenbrook TMS Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/gbnh#NASDAQ">GBNH</a>) shares fell 19.5% to $0.3466 after jumping 61% on Wednesday.</li>
<li>Intuitive Machines, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/lunr#NASDAQ">LUNR</a>) dipped 18.4% to $2.31. Intuitive Machines entered into warrant exercise transaction for gross proceeds of $11.8 million.</li>
<li>Applied Optoelectronics, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/aaoi#NASDAQ">AAOI</a>) declined 15.2% to $18.32.</li>
<li>E2open Parent Holdings, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/etwo#NYSE">ETWO</a>) fell 14.8% to $3.55.</li>
<li>Aspen Aerogels, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/aspn#NYSE">ASPN</a>) fell 12.2% to $12.61. Aspen Aerogels clocked preliminary Q4 revenue of $84 million, up 38% year over year.</li>
<li>Roadzen, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/rdzn#NASDAQ">RDZN</a>) shares fell 9.1% to $4.52 after jumping 9% on Wednesday. Roadzen recently appointed Jean-No&euml;l Gallardo as CFO.</li>
<li>Plug Power Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/plug#NASDAQ">PLUG</a>) fell 8.9% to $3.6787. Susquehanna analyst Biju Perincheril downgraded Plug Power from Positive to Neutral.</li>
<li>SunPower Corporation (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/spwr#NASDAQ">SPWR</a>) declined 8.3% to $3.5650. Susquehanna analyst Biju Perincheril downgraded SunPower from Positive to Neutral and announced a $4 price target.</li>
<li>Amarin Corporation plc (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/amrn#NASDAQ">AMRN</a>) declined 8.1% to $1.1850.</li>
<li>Upstart Holdings, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/upst#NASDAQ">UPST</a>) fell 7.2% to $33.00. Upstart CFO Sanjay Datta sold a total of 1,000 shares at an average price of $34.14.</li>
</ul>
&nbsp;
Now Read This: <a href="https://www.benzinga.com/news/earnings/24/01/36588614/how-to-earn-500-a-month-from-citigroup-stock-ahead-of-q4-earnings-report"> How To Earn $500 A Month From Citigroup Stock Ahead Of Q4 Earnings Report</a>

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Why TechTarget Shares Are Trading Higher By Over 14%? Here Are Other Stocks Moving In Thursday's Mid-Day Session

<h3>Gainers</h3>
<ul>
<li>SEALSQ (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LAES#NASDAQ">LAES</a>) shares increased by 43.0% to $2.79 during Thursday's regular session. The market value of their outstanding shares is at $25.1 million. </li>
<li>Transphorm (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TGAN#NASDAQ">TGAN</a>) stock increased by 25.32% to $4.75. The market value of their outstanding shares is at $294.5 million. </li>
<li>Spectaire Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SPEC#NASDAQ">SPEC</a>) stock moved upwards by 17.28% to $2.85. The company's market cap stands at $43.7 million. </li>
<li>WISeKey Intl Holding (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WKEY#NASDAQ">WKEY</a>) stock rose 16.11% to $2.6. The market value of their outstanding shares is at $25.1 million. </li>
<li>EMCORE (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EMKR#NASDAQ">EMKR</a>) stock moved upwards by 15.23% to $0.53. The company's market cap stands at $40.9 million. </li>
<li>SAI.TECH Global (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SAI#NASDAQ">SAI</a>) stock increased by 14.41% to $1.19. The company's market cap stands at $28.3 million. </li>
</ul>
<h3>Losers</h3>
<ul>
<li>Richardson Electronics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RELL#NASDAQ">RELL</a>) stock declined by 20.1% to $9.99 during Thursday's regular session. The company's market cap stands at $142.6 million. As per the press release, Q2 earnings came out yesterday. </li>
<li>Powerbridge Technologies (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PBTS#NASDAQ">PBTS</a>) stock decreased by 19.29% to $0.97. The company's market cap stands at $4.5 million. </li>
<li>Marathon Digital Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MARA#NASDAQ">MARA</a>) shares declined by 17.84% to $21.06. The company's market cap stands at $4.6 billion. </li>
<li>Riot Platforms (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RIOT#NASDAQ">RIOT</a>) shares decreased by 17.27% to $12.87. The company's market cap stands at $2.6 billion. </li>
<li>Applied Optoelectronics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAOI#NASDAQ">AAOI</a>) shares decreased by 16.8% to $17.97. The company's market cap stands at $680.7 million. </li>
<li>MMTEC (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MTC#NASDAQ">MTC</a>) shares fell 14.93% to $1.96. The company's market cap stands at $389.6 million. 
See Also: <a href="http://www.benzinga.com/money/tech-stocks/" title="www.benzinga.com/money/tech-stocks/">www.benzinga.com/money/tech-stocks/</a></li>
</ul>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

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Rewey Asset Management Q2 2024 Investment Letter

Richardson Electronics Q4 2024 Earnings Preview

Notable earnings after Wednesday's close

Richardson Electronics Non-GAAP EPS of $0.02 beats by $0.06, revenue of $47.37M misses by $0.64M

Richardson Electronics declares $0.06 dividend

<a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a>
Richardson Electronics (NASDAQ:<a href="https://investorplace.com/stock-quotes/rell-stock-quote/">RELL</a>) just reported results for the fourth quarter of 2024.<ul><li>Richardson Electronics reported earnings per share of 2 cents. This was above the analyst estimate for EPS of -4 cents.</li><li>The company reported revenue of $47.37 million.</li><li>This was 1.32% worse than the analyst estimate for revenue of $48.01 million.</li></ul><div>InvestorPlace Earnings is a project that leverages data from <a href="https://www.tradesmith.com">TradeSmith</a> to automate coverage of quarterly earnings reports. InvestorPlace Earnings distills key takeaways including earnings per share and revenue, as well as how a company stacks up to analyst estimates. These articles are published without human intervention, allowing us to inform our readers of the latest figures as quickly as possible. To report any concerns or inaccuracies, please contact us at <a href="mailto:editor@investorplace.com">editor@investorplace.com</a>.</div><h3>More From InvestorPlace</h3>
		<ul><li>
						<a href="https://investorplace.com/2024/04/legendary-investor-predicts-forget-a-i-this-technology-is-the-future/?cid=MKT794457&amp;eid=MKT802109">Legendary Investor Predicts: &ldquo;Forget AI... THIS Technology Is the Future&rdquo;</a>
					</li>
									</ul>The post <a href="https://investorplace.com/earning-results/2024/07/rell-stock-earnings-richardson-electronics-for-q4-of-2024/">RELL Stock Earnings: Richardson Electronics Beats EPS, Misses Revenue for Q4 2024</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.

RELL Stock Earnings: Richardson Electronics Beats EPS, Misses Revenue for Q4 2024

Richardson Electronics, Ltd. (RELL) Q4 2024 Earnings Call Transcript

Warning: RELL is at high risk of performing badly

Richardson Electronics: Wait For A Cyclical Upturn Before Buying

Long Cast Advisers Q2 2024 Letter

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Short Sellers

Events

Press Releases

Richardson Electronics to Present at the Planet MicroCap Showcase: VEGAS 2024 on May 1, 2024 and 1x1 Meetings on May 2, 2024

Richardson Electronics Announces Date of Third Quarter Fiscal Year 2024 Conference Call

Dividends

Richardson Electronics Reports Third Quarter Fiscal 2024 Results and Declares Quarterly Cash Dividend

General

Richardson Electronics, Ltd. Announces Large-Scale Pitch Energy Module Retrofit Program

Richardson Electronics, Ltd. to Showcase New RF and Microwave Technology Partners at the 2024 International Microwave Symposium

Richardson Electronics Announces Date of Fourth Quarter Fiscal Year 2024 Conference Call

Richardson Electronics Reports Fourth Quarter and Fiscal Year 2024 Results; Declares Quarterly Cash Dividend

Richardson Electronics, Ltd. Introduces Ultracapacitor Pitch Energy Modules into the European Market for Five Wind Turbine Platforms

Richardson Electronics and Quantic Electronics Forge Global Technology Partnership

Contracts

Quantic Electronics and Richardson Electronics Forge Global Technology Partnership

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Richardson Electronics (RELL) Forecast

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